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Will Interest Rates Rise?

One of my preferred mortgage brokers (Tim Wood @ Terra Mortgage) just sent me his newsletter that dives into the question of whether interest rates will rise in 2017. It’s so full of interest rate chatter about Feds, Reserves, Trump, yada, yada…I figured you’d all love it. So here you go: Are You Sure that […]

Home Ownership as an Investment, Home Prices, Inflation, Leverage...

First and foremost, any home purchased needs to work as a home: it fulfills your housing needs at an affordable monthly cost – ideally, a cost, after tax deductions and principal pay-down, less than or similar to that of renting the property. However, though it cannot be compared on an apples-to-apples basis to investments such […]

San Francisco Housing Market Not Stopping…How’s That ...

In this season of giving and being thankful, I’d have to say that San Francisco Bay Area residents should be pretty thankful that our market is nowhere near that of the national average. If you’re a seller you can be thanking your lucky stars that buyers are out there in droves, and if you’re a […]

Reader Reports: We Finally Were Able To Refinance! What A Nightma...

From a reader: Dear theFrontSteps, After TWO YEARS of intensive search and questioning and hunting ….we closed yesterday on our refinancing! We got a $600,000 loan at 4.5%. (no point, no refinancing costs, except for appraisal and recording fees). By the way, the appraisal came back at $1,200,000, which made us laugh a good time. […]

Here We Go Again With The Lending

Intercepted from inter-office emails: Great News, We are now offering Fannie’s new HomePath loan program! Let your clients know these improved loan terms to generate new business. Essentially, the program has the clients using Fannie loans to buy foreclosed properties owned by Fannie, therefore Fannie gives improved loan terms to the buyer. PROGRAM HIGHLIGHTS: -97% […]

FHA Checklist For Spot Loan Approvals

We get a lot of questions about FHA loans these days, particularly if we know what buildings will qualify for FHA loans in San Francisco. There is a simple answer to that question, “No, we don’t know.” But other people do, and those people are loan experts…mortgage bankers/brokers… and luckily they feed us information to […]


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